A Message to the Celsius Community

Celsius Paused Withdrawals, Swaps, and Transfers: A Past Announcement

In response to extreme market conditions, Celsius once made the difficult decision to pause all withdrawals, swaps, and transfers between accounts. This measure was taken to help position the company to honor its withdrawal obligations over time.

At that time, the company emphasized that acting in the best interest of its community was its top priority. In line with their commitment to responsible risk management, they activated a clause in their Terms of Use, allowing for this temporary pause. Celsius held valuable assets, and the company worked diligently to meet its obligations despite the challenging situation.

The pause was intended to stabilize liquidity and ensure the preservation and protection of assets. Customers continued to accrue rewards during this period, a promise in line with their commitment to the community.

Though the news was understandably difficult, Celsius felt that pausing services was the most responsible course of action to protect the community. Their primary goal was to preserve assets and stabilize liquidity, with the ultimate aim of restoring withdrawals, swaps, and transfers as soon as possible. They acknowledged that this process would take time and that delays might occur.

The Celsius community showed incredible support during this time, and the company remained dedicated to keeping customers informed throughout the process. Operations continued, with ongoing updates shared as new information became available.

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